Procter & Gamble Co shareholders re-elected with more than 90% support the consumer goods company's CEO and chairman and all of its current directors to the board at its virtual annual meeting on Tuesday.
The logo for Procter & Gamble Co. is displayed on a screen on the floor of the New York Stock Exchange in New York, U.S., June 27, 2018. REUTERS/Brendan McDermidshareholders re-elected with more than 90% support the consumer goods company's CEO and chairman, all of its current directors and a new member to the board at its annual meeting on Tuesday.
Moeller said that P&G has products like Tide Pods at multiple price points, spanning from a Tide Power Pod at 50 cents to a Tide Simply Pod at 20 cents. Wall Street analysts have noted in recent research reports that P&G is losing market share in some of its biggest categories like detergent, paper towels and diapers.
Moeller added that P&G is trying to educate consumers on the "mileage benefits" of its products - meaning they last longer - and the savings that accrue from them. P&G's products like its Ariel detergent pods also help extend how long clothes last, Moeller said, reducing waste and costs for customers.Shareholders also approved P&G's executive compensation by more than 92%.
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